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Deals & Dealmakers

NAI James E. Hanson Facilitates Sale of Mixed-Use Property in Oldwick, N.J.

NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of a 10.78-acre mixed-use property at 152 Oldwick Road in Oldwick, N.J. NAI James E Hanson’s Sig Schorr represented the seller, Sblendorio Tewksbury Holding, LLC, and the buyer, Outdoor Digs, in the transaction.

Located in Hunterdon County just a half of a mile from Interstate 78, 152 Oldwick Road is comprised of a 7,445-square-foot office building with two apartments on the lower level, 48 approved parking spaces and a garage on10.78 acres of land across two lots zoned for outdoor commercial storage. The property was formerly home to a high-end landscaping company. However, as the company’s clientele shifted further east and north, it looked to relocate and sell the property. 

The new owner, Outdoor Digs, is a rapidly growing landscape architecture, design and maintenance company servicing northern and central New Jersey. The company’s growth necessitated the acquisition of a facility with easy access to customers throughout the area that could house its landscaping equipment and service vehicles. Working closely with NAI James E. Hanson, the company was able to acquire one of the few properties in the Oldwick area that is zoned for outdoor storage.  

“The outdoor storage sector continues to see tremendous demand from not only e-commerce distributors but professional services companies like landscapers that require well-located, secure and adaptable storage for their equipment,” said Schorr. “Leveraging my market expertise, I was able to work with both the buyer and seller to negotiate a deal that allows each to achieve their unique business goals at this property.”

To stay connected with NAI James E. Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook (www.facebook.com/NAIHanson), Twitter (@NAI_Hanson), and LinkedIn (www.linkedin.com/company/nai-james-e-hanson).

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